The U.S. Economic Mojo Problem

By

Robert Litan

May 13, 2014 6:16 am ET

Economists and policymakers are worried about not only the pace of the recovery but also our long-run prospects for economic growth. I’m a technology optimist much like MIT’s Erik Brynjolfsson and Andrew McAfee, who believe we have only just begun to witness the full benefits of the information technology revolution.
But research that I conducted with Ian Hathaway and that was published by the Brookings Institution last week brought my optimism down a notch.